Brokerages Anticipate PAR Technology Co. (NYSE:PAR) Will Post Earnings of -$0.37 Per Share

Equities research analysts forecast that PAR Technology Co. (NYSE:PARGet Rating) will post ($0.37) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PAR Technology’s earnings. The highest EPS estimate is ($0.31) and the lowest is ($0.43). PAR Technology reported earnings of ($0.39) per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PAR Technology will report full-year earnings of ($1.41) per share for the current year, with EPS estimates ranging from ($1.67) to ($1.15). For the next year, analysts expect that the company will post earnings of ($1.05) per share, with EPS estimates ranging from ($1.34) to ($0.75). Zacks’ EPS averages are an average based on a survey of research firms that cover PAR Technology.

PAR Technology (NYSE:PARGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The software maker reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.33. The firm had revenue of $80.30 million during the quarter, compared to the consensus estimate of $74.66 million. PAR Technology had a negative return on equity of 16.67% and a negative net margin of 26.94%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) EPS.

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on PAR Technology in a research note on Tuesday. They issued a “neutral” rating on the stock. Craig Hallum dropped their price objective on shares of PAR Technology from $100.00 to $60.00 in a research report on Wednesday, March 2nd. Zacks Investment Research lowered shares of PAR Technology from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Wednesday, March 2nd. Finally, BTIG Research reduced their price objective on PAR Technology from $110.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, January 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $55.75.

Several institutional investors and hedge funds have recently bought and sold shares of PAR. MFN Partners Management LP raised its stake in shares of PAR Technology by 991.4% during the first quarter. MFN Partners Management LP now owns 1,091,404 shares of the software maker’s stock valued at $44,027,000 after purchasing an additional 991,404 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of PAR Technology by 303.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 792,558 shares of the software maker’s stock valued at $41,823,000 after purchasing an additional 596,068 shares during the period. Washington Harbour Partners LP purchased a new stake in shares of PAR Technology during the third quarter valued at approximately $28,902,000. Light Street Capital Management LLC increased its stake in shares of PAR Technology by 52.2% in the fourth quarter. Light Street Capital Management LLC now owns 1,014,487 shares of the software maker’s stock worth $53,534,000 after buying an additional 347,823 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in PAR Technology by 12.4% in the third quarter. Capital Research Global Investors now owns 2,977,367 shares of the software maker’s stock valued at $183,138,000 after acquiring an additional 328,516 shares in the last quarter.

NYSE:PAR traded up $1.42 during mid-day trading on Tuesday, reaching $34.54. The company’s stock had a trading volume of 205,247 shares, compared to its average volume of 379,762. PAR Technology has a twelve month low of $28.87 and a twelve month high of $74.50. The company’s fifty day simple moving average is $36.96 and its two-hundred day simple moving average is $45.13. The stock has a market cap of $934.62 million, a P/E ratio of -10.97 and a beta of 1.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.63 and a quick ratio of 3.93.

PAR Technology Company Profile (Get Rating)

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

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